Question: Super Splash issues $1,000,000, 7% bonds on January 1, 2021, that mature in 15 years. The market interest rate for bonds of similar risk and

 Super Splash issues $1,000,000, 7% bonds on January 1, 2021, that
mature in 15 years. The market interest rate for bonds of similar

Super Splash issues $1,000,000, 7% bonds on January 1, 2021, that mature in 15 years. The market interest rate for bonds of similar risk and maturity is 6%, and the bonds issue for $1,098,002. Interest is paid semiannually on June 30 and December 31. 2. & 3. Record the issuance of the bonds on January 1, the interest payments on June 30, 2021, and December 31, 2021. (If no journal entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to the nearest dollar amount.) View transaction list Journal entry worksheet Record the bond issue. Answer is not complete. No Date General Journal Credit Debit 1,098,002 1 January 01, 2021 Cash Bonds Payable 1,098,002 2 June 30, 2021 Interest Expense Bonds Payable Cash 32,940 2,060 35,000 32,878 December 31, 202 Interest Expense Bonds Payable Cash 2,112 35,000

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